The Dutch Minister of Social Affairs and Employment, Wouter Koolmees, has confirmed that the Pension Distribution Act in the event of divorce has been postponed until 1 July 2022.
The bill was intended to come into force on 1 January 2022, but Koolmees stated that this was “no longer feasible”.
In a letter to the House of Representatives, Koolmees stated that the legislation was necessary to give divorcing parties and professionals a clear understanding of the consequences of divorce on the parties’ pensions, and which pension distribution regime applies.
The bill was initially introduced in January 2021 but, following the collapse of the government in the Netherlands, it was put on hold.
Koolmees stated that the delay was necessary to allow pension providers and administrators to adapt their working methods and administrations.
He added: “I hope to be able to continue the examination of the bill with your chamber shortly after the summer recess, so that clarity can be provided in time to divorcing parties and other stakeholders.”
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